Fee and commission income (2000): £287.3m
Pre-tax profit (2000): £72.9m
Address:
6 Crutched Friars
London
EC3N 2PH
Tel: 020 7528 4444
Fax: 020 7528 4185
Fee and commission income (2000): £287.3m
Pre-tax profit (2000): £72.9m
Address:
6 Crutched Friars
London
EC3N 2PH
Tel: 020 7528 4444
Fax: 020 7528 4185
Email: info@jltgroup.com
Website: jltgroup.com
History: Jardine Lloyd Thompson Group was formed in 1997 by the merger of Jardine Insurance Brokers (JIB) and Lloyd Thompson Group. The foundations of JIB were laid in the early 1970s and the company grew rapidly as a result of acquisitions and organic growth, covering wholesale, retail and reinsurance broking. It was floated on the London Stock Exchange in 1991. JIB developed a strong presence in the Asia Pacific region and was also represented in continental Europe and the Americas. Lloyd Thompson was founded in 1981 and floated on the London Stock Exchange in October 1987. From its origins as a specialist marine hull and energy broker, Lloyd Thompson grew rapidly into all classes of wholesale and reinsurance business and developed a strong London Market presence.
Since February 1997, the group has continued to develop through strong organic growth and selective acquisitions. In 1999, the group was reorganised into two main businesses: JLT Risk Solutions and JLT Corporate Risks & Services.
JLT Risk Solutions provides major corporate clients with comprehensive professional advice and a risk solution and transactional service.
JLT Corporate Risk & Services (JLT CR&S) incorporates the group's worldwide retail businesses. In the UK, JLT provides affinity marketing, employee benefits, claims and insurance fund administration solutions.
In May 2000, JLT launched Capital Risk Group in the US. Based in New York, this is a specialist risk services joint venture, concentrating on major US and multinational corporations, owned 80% by JLT and 20% by The Blackstone Group. It will work closely with JLT Risk Solutions in London.
In addition, JLT combined its UK retail insurance and employee benefits operations with Burke Ford Group to create one of the leading independent brokers and consultants with UK revenues of more than £50m.
In November 2000, JLT acquired Abbey National Benefit Consultants (ANBC), the pension administration and consultancy division of Abbey National Group. This merged with Jardine's existing pension specialist, Jardine Reeves Brown, and provided JLT with a leading position in the actuarial, benefit and administrative markets. The newly merged business operates under the Jardine Lloyd Thompson name with three operating strands - benefit solutions, administration services and financial services (which incorporates the division's healthcare businesses).
Chief officer: Ken Carter, chief executive
Biography: Ken Carter, 57, joined Lloyd Thompson as chief executive in 1986. He continued his role until the merger with JIB Group in February in 1987 and is now chief executive of Jardine Lloyd Thompson Group.
Major shareholders: Jardine Matheson Holdings 32.7%, SIACI SA 5.3%
Main lines of business: International insurance broking and benefit consultancy group - specialising in areas where it is or can become a market leader
Special schemes: Insolvency, caravans (Tourer Select and Compass), pets, courier and expatriate health insurance
Number of UK branches: 20
Number of employees (average for 2000): 3,695
Greatest technological advance: JLT has a number of IT initiatives in progress, which streamline the placement of insurance, policy documentation and claims handling. These initiatives are:
